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wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people who are against separatism do point out that if catalonia does withdraw from spain it could also mean it has to drop out of the european union and not many people in catalonia would be in favor of that if that turns out to be the case and maybe they would prefer the status quo so there are a lot of ifs and buts but what we do know as a result of today's election there is a growing sentiment of nationalism and a sense for independence here in catalonia. spanish prime minister mariano rajoy warned catalonia could be expelled if it gains sovereignty but pro independence arks as her region would be a vi
wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people...
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to use its money more carefully changing tax pays interest to true then. stephen meisner from germany is part of reason doesn't see any reason to spend that much money on a piece of real estate but he says he sees a reasonable explanation of why the sky's the limit for the european union's economic monopoly they never run out of money it's they just come to me and the other taxpayers they go you have to pay more you have to be more of it more or maybe because it's easy the european central bank just print the money and while some may see an upside down logic here german m.p. mr scheffler explains it's more than just a piece of architecture. the e.c.b. once a palace a building to demonstrate his power through a million more million less makes no difference to make a statement about its power and credibility but that's a notion that's taken a serious knock in recent times the seventeen nation euro zone's unemployment is at a record high brussels and seized on a stereo to measures which the government cut spending and raise taxes increase in peoples and as we
to use its money more carefully changing tax pays interest to true then. stephen meisner from germany is part of reason doesn't see any reason to spend that much money on a piece of real estate but he says he sees a reasonable explanation of why the sky's the limit for the european union's economic monopoly they never run out of money it's they just come to me and the other taxpayers they go you have to pay more you have to be more of it more or maybe because it's easy the european central bank...
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the words how we are in a strong economy what happens is that each year believe we live facing this tax burden from the spanish state on a spanish state machinery are trying to fear campaign cancel and so we are european see the science and know there's not such press of that that we would be out of the european union seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out at it's not a consideration we don't believe we're going to be out of the european union like a scotland are not going to be outside european union just because we are exercising universal rights as is the universal right of subtlety of nation which took our democracy here. coming up in a few minutes it's made of only modern tie is but office opportunity he pulled from a makeshift better ones like jerusalem that on the verge of demolition taking children only place to study that's not a short break and there are not too. waves of corruption are rocking in russia hundreds of millions of dollars vanished from apec building projects an
the words how we are in a strong economy what happens is that each year believe we live facing this tax burden from the spanish state on a spanish state machinery are trying to fear campaign cancel and so we are european see the science and know there's not such press of that that we would be out of the european union seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out at it's not a consideration we don't...
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have really we live facing this tax burden from the spanish state on the spanish state machinery are trying to fear campaign cancel and so we are european see the signs and know there's not such a presser that that the we would be out of the european union and seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out and says not a consideration and we don't believe we're going to be out of the european union like a scotland are not going to be outside european union just because we are exercising universal rights as is the universal right of such a nation. we're talking of the most here. coming up in a few minutes it's made only of modern tie is but often is the opportunity to report from a small makeshift beda when school solenn that's. the mission taking the children only place to study social grace. waves of corruption are rocking russia hundreds of millions of dollars vanished for apec building projects and russia's got a nice satellite project a real estate scandal has also led to the defense m
have really we live facing this tax burden from the spanish state on the spanish state machinery are trying to fear campaign cancel and so we are european see the signs and know there's not such a presser that that the we would be out of the european union and seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out and says not a consideration and we don't believe we're going to be out of the european union...
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catalonia is actually very wealthy this is strong as portugal was but the fact is they give far more in taxes to the central government and they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfill his election promise of holding a referendum on independence from spain as you mentioned he did not get an absolute majority so we will not be able to push this straight away but luckily for him the second biggest party that was voted in was also pro independence so the feeling is they will be able to negotiate and between them they will have enough power to push through this referendum but the biggest sticking point for this referendum is that it is against the spanish constitution some commentators are saying it could actually lead to the arrest of aftermath he tries to push it through the spanish prime minister matter only russia has also said that he would be desperate to keep hold of one of the country's wealthiest regions at a t
catalonia is actually very wealthy this is strong as portugal was but the fact is they give far more in taxes to the central government and they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfill his election promise of holding a referendum on independence from spain as you mentioned he did not get an absolute majority so we...
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there is which the government cut spending and raise taxes increase in people's minds as well as your skepticism here it is future european central bank headquarters here in germany and the building was initially supposed to be a symbol of integrity and competence efficiency and transparency of the e.u. main financial institution but many now gloat that the project that there's already far behind shadow and over budget may be sending a slightly different message one line cynics have compared the banks future premises with the biblical story of the tower of babel it was meant to reach up to heaven but ended up instead abandoned left as a symbol of hubris and conceit if you look at it it's that sort of i guess modern architecture that sort of looks like sort of like it's been flat and squeezed and turn around and it looks like it might even sort of collapse on itself so it's kind of maybe a fitting symbol i think it's very possible that the euro would solve the currency may not even be a rout by the time they finished building the construction is due for completion by twenty fourteen an
there is which the government cut spending and raise taxes increase in people's minds as well as your skepticism here it is future european central bank headquarters here in germany and the building was initially supposed to be a symbol of integrity and competence efficiency and transparency of the e.u. main financial institution but many now gloat that the project that there's already far behind shadow and over budget may be sending a slightly different message one line cynics have compared...
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tax rates. there's ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is cyber monday. analysts say it's not as big a day as it's been in past. so many people sh
tax rates. there's ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending...
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats are saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know ho
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 26, 2012
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between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have accumulated on your balance sheet or, if you are the government you want to figure out how to impact the spending you have at the federal level as well. americans are looking for clarity, so they can make the decisions, and, in terms of purchasing short-term christmas gifts for the next selling season or whether, again, if you are a ceo and trying to think of investing in a plant or hiring new people -- >> if i may, sir, specifically, if you have a stock and you see your capital gains, if you sell the stock, could go from 15% to 24%, at the -- on january 1st, are some people cashing out now? >> well, wh
between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the latest victims in the ongoing violence. now, fighting has ripped this country apart. activists say more than 40,000 people now have been killed since the first pretest 20 months ago against the regime of president bashir al assad. nick payton walsh shows us what happens when bombs fall in, of all places, a playground. >> these disturbing images show what happens after a children's playground is hit, according to activists by a cluster bomb. refugees with nowhere else to hide apparently hit by a single deadly device dropped by a jet. some cluster bombs released smaller explosives to cause maximum devastat
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the...
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Nov 26, 2012
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they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakers. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but mo macy's and costco were tagged with huge loss es today. i believe the holiday sales are far are flat-out strong. amazing numbers from apple, like a rocket since it hit the 505 level last week. terrific ipad mini sales. wasn't that a product the doom and gloomers ha
they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner....
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he said people the realize how will the people self tax. one ceo of target in phoenix, arizona he has created a museum and has put around 200 million of his own money another friend gave 400 million to a health facility in nebraska, minnesota. bill gates paid 750 million i think to fight aids. we should get rid of touch it -- taxes as much as we can see you can descend have to spend your money rather than the government if you have a certain cause if you want to support it it would be nice if you have the choice for we're headed you'll be taxed in your money taken away it is a question. do believe the government should take your money and spend it for you? forty-one to spend it for you? he went on to say actually it is a surge to tax the productive billionaire guys because of everything they do for us. look at steve jobs, bill gates the government ought to pay them. why they collect money for what they have contributed? he also talks about the 47% and how dangerous they are. so that is a very familiar concept. in a way that this super rich
he said people the realize how will the people self tax. one ceo of target in phoenix, arizona he has created a museum and has put around 200 million of his own money another friend gave 400 million to a health facility in nebraska, minnesota. bill gates paid 750 million i think to fight aids. we should get rid of touch it -- taxes as much as we can see you can descend have to spend your money rather than the government if you have a certain cause if you want to support it it would be nice if...
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and regulation the first forty million of excise taxes under this under the amendment will actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels sixty thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think that's a great thing we'll see what the feds decide to do on this eric holder has been in the past very critical of similar amendments and initiatives so we'll see if they come in crackdown but the people of colorado spoken and it will be interesting to see if if we implement if we can implement it without a hitch. i don't think we have much time to get into this but i we did get to touch on it it's interesting that the banks apparently don't know what to do if they're allowed to allow marijuana growers or businesses to bank with them because they could be violating federal regulations about m
and regulation the first forty million of excise taxes under this under the amendment will actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels sixty thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think...
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. until i show them this. the oral-b pro-health clinical brush. its pro-flex sides adjust to teeth and gums for a better clean. the pro-health clinical brush from oral-b. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duc
there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the...
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the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alon
the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how...
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i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a second face- to-face meeting with president obama as soon as this week. >>> also in washington republican senator john mccain backed off from fiery criticism of un un ambassador susan rice about the attack in libya. >> i think she deserved the ability to explain herself and her position as she said, but she is not the problem. the prose problem is that the president of the united states, who in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. >> senator mccain threatened to block susan rice's nomination
i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a...
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are paying taxes some other way. >> corporations pass along taxes to their consumers anyway. to the customers as well, right, so then you're sort of saying they're going to get stuck with it. shareholders would get stuck with part of it and it also gets passed along with, that seems self-defeating, too. >> we're talking about lowering corporate taxes on the shareholders. on the beneficiaries of those higher. >> you worked in the white house, steve. you know the president. >> i do. >> you know the way he thinks and frankly many of his cabinet members and those quhis pwhispe his ear thing. he'll barnstorm the country and talk about the 39.6%, talking about marginal rates. where is the room to the extent you believe there's room, to compromise, with a house that doesn't want to talk about marginal rates at all? where is the white house able to compromise? >> i've been doing deals for many years, greg has, there's always compromise. could you put the buffett rule in to raise a bit of money over here? the beauty of this situation, it's difficult, but the beauty of it is, it's not
are paying taxes some other way. >> corporations pass along taxes to their consumers anyway. to the customers as well, right, so then you're sort of saying they're going to get stuck with it. shareholders would get stuck with part of it and it also gets passed along with, that seems self-defeating, too. >> we're talking about lowering corporate taxes on the shareholders. on the beneficiaries of those higher. >> you worked in the white house, steve. you know the president....
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3.8% tax. this is going to happen regardless whatever comes out with the fiscal cliff. the "wall street journal" on saturday, the personal finance section did a great job explaining that. here it is, 3.8% tax, joint files of under $250,000. it's going to apply to dividends, x-munis. for now, munis not included. net capital gains, rents, royalties, and some investment annuities. what it is -- basically if a couple has adjusted gross income of $250,000, but they have $2,000 of interest, $4,000 of dividends and $1,000 in net capital gains would not apply. $240,000 -- but if you had capital gains, net capital gains of 10,000, you're in that threshold of 250, it's going to kick in and that 3.8% on that net, the net difference being $6,000 above 250 is 3.8%. $228. the point here is this is a number that everyone can at least try to think about and figure out where it is. this is happening no matter what happens with rise above. these are numbers you should start thinking about and planning right now
3.8% tax. this is going to happen regardless whatever comes out with the fiscal cliff. the "wall street journal" on saturday, the personal finance section did a great job explaining that. here it is, 3.8% tax, joint files of under $250,000. it's going to apply to dividends, x-munis. for now, munis not included. net capital gains, rents, royalties, and some investment annuities. what it is -- basically if a couple has adjusted gross income of $250,000, but they have $2,000 of interest,...
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so if they don't act, everyone will be owing more taxes. that could affect the spending habits on some people. >> they are not spending like they would because they still don't know what will happen. >> and congress, they only have 35 days now to come to an agreement on the deficit reduction. if they don't, then the automatic tax hikes will be taking effect on january 1. >>> one bay area hospital is demanding to be reimbursed by the los angeles dodgers for the care they gave to brian stowe. the giant's fan who was brutally beaten outside the dodger's stadium a year and a half ago. they join us from the general hospital. how much money are you talking about here, brian? >> good morning to you. yeah, we're talking about $1.4 million seeking reimbursement from the l.a. dodgers. they went to the bankruptcy court recently in an effort to seek permission to pursue that reimbursement from the dodgers. stowe was brutally attacked in the parking lot while watching the home opener. since then they had to put the bill for the medical care. the hospita
so if they don't act, everyone will be owing more taxes. that could affect the spending habits on some people. >> they are not spending like they would because they still don't know what will happen. >> and congress, they only have 35 days now to come to an agreement on the deficit reduction. if they don't, then the automatic tax hikes will be taking effect on january 1. >>> one bay area hospital is demanding to be reimbursed by the los angeles dodgers for the care they...
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the congress couldn't tax the american people but it could borrow money and asked -- and appointed john adams to go to france to try to raise money from the french government to pay for the revolution. and he decided to take his tenure old son john quincy adams with him firstborn son. john quincy adams buy then was a devoted patriot at 7-years-old when his father was in the continental congress. his mother abigail adams heard fire in the distance since she took her boy to the top of the health behind when the massachusetts and they could look across and they saw the battle of bunker hill and she took her boy down by the hand and began melting down the family pewter to make musket balls and she told her son at that time you must rikus to the head of your country and if you don't succeed it will be because of your own laziness. you must make a resolution in favor of what virtue come integrity and love of your country and that's how john and abigail adams raised their way from the beginning to be virtuous, honest and to love and serve his country. and so when john adams was sent to france,
the congress couldn't tax the american people but it could borrow money and asked -- and appointed john adams to go to france to try to raise money from the french government to pay for the revolution. and he decided to take his tenure old son john quincy adams with him firstborn son. john quincy adams buy then was a devoted patriot at 7-years-old when his father was in the continental congress. his mother abigail adams heard fire in the distance since she took her boy to the top of the health...